Pending and Recent Changes in the Bankruptcy Forms
Amendments to Official Forms 101 and 201 conforming to the Bankruptcy Threshold Adjustment and Technical Corrections Act.
On June 21, 2022, the Bankruptcy Threshold Adjustment and Technical Corrections Act (the “BTATC” Act), Pub. L. No. 117-151, ___ Stat. ___.became law. The BTATC Act once again increases the total debt threshold (as defined in the Act) for determining the eligibility of a debtor to proceed under subchapter V of chapter 11 to $7,500,000, effective retroactively to cases commenced on or after March 27, 2020 through June 21, 2024 (two years after the date of enactment of the BTATC Act).
Official Form 101, Voluntary Petition for Individuals (revises line 13)
Committee Note to Official Form 101
Official Form 201, Voluntary Petition for Non-Individuals (revises line 8)
Committee Note to Official Form 201